expressed opinion entrepreneur Contributors are themselves.
You are reading Entrepreneur India, the international franchise of Entrepreneur Media.
Two major Web3 builders have lost dozens of high-value non-fungible tokens (NFTs) over the past few days, having their crypto wallets compromised and falling prey to hackers, according to a CoinDesk report.
The first victim, CryptoNovo, tweeted about being hacked on Tuesday, losing three CryptoPunks, one Bored Ape, one Mutant Ape, three Meebits, and two CloneX NFTs. Over a 16-hour period, the hacker managed to sell 10 NFTs with a total value of 492.66 ETH, or roughly $618,000.
Apparently, attackers may have taken over CryptoNovo’s Discord account.
“Don’t use my name and account to send anything to anyone!” CryptoNovo tweeted. “The Discord you see below is a fake account.”
Another hacker also targeted Nikhil Gopalani, COO of Nike-owned NFT project RTFKT. It appears that Gopalani’s account was emptied of two wallets, losing 19 CloneX NFTs, 18 RTKFT Space Pods, 17 Loot Pods, 11 CryptoKicks, and 19 RTFKT Animus Eggs.
As NFTs have become popular for expressing creativity and as an investment, the number of scams related to them has also risen significantly since last year. The next step in the NFT phase is for creators and buyers to secure these platforms, which are as vulnerable to digital fraud as any other form of currency. There is still a lot of debate about whether NFTs have a future, just like the discussion about the usefulness of the Metaverse, but it will take time to come to a conclusion.
Leave a Reply